Watermark Lodging Trust Acquires Hotel In Chicago For $84.3M With Lender Wells Fargo

1 West Wacker Drive

Hotel

482,300 SF

Financed 1 year ago

Summary

Loan

ILLINOIS

Hotel

482,300 sqft

A hotel located at 1 W. Wacker Dr in Chicago was recently involved in a loan transaction. The transaction took place on 12/18/2020, and the loan amount was $84,300,000. The hotel is owned by Watermark Lodging Trust, with Michael Medzigian being the landlord. The property has a total of 553 keys.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $84,300,000
Address: 1 W. Wacker Dr
Market: Chicago
Landlord: Watermark Lodging Trust - Michael Medzigian
Keys: 553

Wells Fargo acted as the lender in this loan transaction.

Players

All
1

Lenders
1

Wells Fargo

Details

Deal Summary

FINANCED

IMAGE: Michael Medzigian DATE: 12/18/2020 ADDRESS: 1 W. Wacker Dr MARKET: Chicago ASSET TYPE: Hotel KEYS: 553 LENDER: Wells Fargo LANDLORD: Watermark Lodging Trust - Michael Medzigian LOAN AMOUNT: $84,300,000

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Address1 West Wacker Drive

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